The bottleneck has shifted. This isn't a GPU race anymore—it's a megawatt race. Every mining operation and research lab is hitting the same hard ceiling: energy capacity. You can stockpile a million chips, secure the best hardware, but without the power infrastructure to run them, those processors become expensive paperweights sitting in your facility. The real constraint isn't computing power on paper. It's kilowatt-hours in reality. That's where the competition actually happens now.